Ongoing battle between buyers and sellers on the future direction of the pair Here, sellers are represented by a bullish resistance. Buyers by a bullish breakout on falling wedge. Even though prices are currently rising, on this stretch of resistance, so far, sellers have won all the games. The odds are therefore in favor of the sellers. Neutral, waiting for a...
The situation remains uncertain as incomplete . Playing the downside now is a rather delicate action. Although probably less than playing the upside. But since we have to take the plunge, and if we absolutely have to try to enter at the top, then : The euro may already be bearish, but the situation is still reversible . Prices are currently rebounding...
The pair is slow to move lower but on paper everything is in favor as mentioned in the previous analysis. It happens that buyers are making more resistance than expected. And rightly so, there is a very visible buying trend line on the chart. This is our selling resistance. It keeps pushing the price higher and higher. We can easily imagine what will happen when...
The previous scenario had revealed the existence of a symmetrical triangle, awaiting pullback confirmation, following a bearish breakout. Even though it had been thought for a while that this bearish scenario would be invalidated. A new analysis confirms that in reality, it is valid and even already active. Moreover, the market is bearish on the substance and...
Prices have seriously broken a bullish resistance. A pullback is currently underway. If confirmed, it could lead to a new uptrend. With this in mind, a bullish rebound on what is now the uptrend support line is being considered.
The previous analysis was successful, prices broke out of the range from the top. Now, the EURUSD is facing new constraints but this time rather bearish On one side a bearish flag (bearish continuation pattern) is being formed On the other side a horizontal bullish resistance (bearish rebound zone) on which prices have just rebounded downwards. Does this mean...
Prices are forming a symmetrical triangle (hesitation pattern) and rightly so... Yesterday, on the lower bound of the triangle, buyers managed to repel the second attack of sellers. Prices are now back on the upper bound of the triangle, but ready to go back down for what will be the 3rd attempt by sellers.
As expected in the previous scenario, prices have moved back up to the upper bound of the bearish channel. Now, all conditions are met for a resumption of the decline. And right now prices are starting to form what looks very much like a bearish bounce. Preferred bearish scenario pending further evidence.
The previous scenario has been invalidated Finally, the underlying trend is stuck in a horizontal channel But in the shorter term, prices are headed for the lower bound of the range by a downtrend line. And this low point has not yet been reached. Apparently, there are still a few points to be gained before the first target. Maybe a bit more beyond...
Again, prices are in contact with the uptrend line Sometimes, (but not always), this represents a good opportunity to enter the trend while waiting for the rebound to be confirmed Although success is never guaranteed, in case of success or failure, this is one of the places in the trend that offers the best R/R ratio.
A chart analysis should remain relevant until it has been invalidated. The analysis of the NZDCHF shows the pair in a bullish channel, which theoretically will lead it to a new high. But for the past few days, we must recognize that the CHF is strengthening against several of its counterparts The effect is visible on USDCHF - AUDCHF - GBPCHF (...) which have all...
In the short term, the market seems to have made up its mind. NZDUSD follows EURUSD in a bullish bounce to the top of the channel. This results in a bullish breakout on a symmetrical triangle (bullish continuation) In theory, pending new elements and unless a pull back is invalidated, the rest will be up.
The pair recently experienced a 3rd bullish bounce on the trend line of the moment This rebound now looks good enough to suggest that the uptrend line has played its role. Thus, it is still possible to imagine a return of the price to its previous resistance. In the absence of any new elements, the trend remains bullish .
Inside the range, a symmetrical triangle has formed (indecision figure) which confirms the previous analysis. This triangle has just experienced a bullish breakout (victory of the buyers) and a pull back is currently underway. If the pull back were to be validated, in theory it would definitely confirm the bullish scenario in the short term. So in summary the...
Here everything is consistent with what is happening on the EURUSD It is a "copy and paste" scenario So a rising wedge (bearish reversal) is opposed to a bullish channel (bullish continuation), all in a range. The situation is blocked for the moment and false starts on the upside as on the downside are numerous. Neutral, waiting for the situation to become more...
Prices are stuck in a horizontal range The market is undecided on the future direction to take On one side, the buyers and their bullish channel On the other side, sellers and their rising wedge The situation is uncertain for the next few hours The market could well zigzag up and down without really deciding Neutral while waiting for the outcome of the game.
The pair continues to move within the expected range Prices have retraced to the uptrend line But despite this, in the absence of any new evidence, the trend remains bullish. Therefore, prices could soon bounce back up to the previously stated target
The pair has reconfigured itself, to give two new bounce points to sellers. This leads us to a new bearish attempt, in progress, in the form of a descending triangle. The pair remains bearish. The pull back from the previous analysis is still in place.